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What is a Feasibility Study?
And when should one be done?



Don Taylor


System Analysis and Development
Prof. Davis



Table of contents:
Page 3- Feasibility Study outline
Page 4 – Evaluate Alternatives
Page 4 – Pre-Feasibility Study
Page 5 – Market Assessment
Page 5 – Results and conclusions
Page 6 – Go/No Go Decision
Page 6 – Feasibility Study vs. Buisness Plan
Page 7 – Reasons to do Feasibility Study
Page 8 – Reasons not to do Feasibility Study


What is a Feasibility Study?

As the name implies, a feasibility study is an analysis of the viability of an idea. The feasibility study focuses on helping answer the essential question of “should we proceed with the proposed project idea?” All activities of the study are directed toward helping answer this question.
Feasibility studies can be used in many ways but primarily focus on proposed business ventures. Farmers and others with a business idea should conduct a feasibility study to determine the viability of their idea before proceeding with the development of the business. Determining early-on that a business idea will not work saves time, money and heartache later.
A feasible business venture is one where the business will generate adequate cash-flow and profits, withstand the risks it will encounter, remain viable in the long-term and meet the goals of the founders. The venture can be a new start-up business, the purchase of an existing business, an expansion of current business operations or a new enterprise for an existing business. Information File A Feasibility Study Outline is provided to give you guidance on how to proceed with the...